menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting for Governmental Study Set 2
  4. Exam
    Exam 11: Auditing of Governmental and Not-For-Profit Organizations
  5. Question
    "An Unmodified Opinion on the Financial Statements of a Local
Solved

"An Unmodified Opinion on the Financial Statements of a Local

Question 41

Question 41

Essay

"An unmodified opinion on the financial statements of a local government means that all statements in the comprehensive annual financial report (CAFR)have been audited and conform with GAAP." Do you agree or disagree? Why?

Correct Answer:

verifed

Verified

Disagree.The standard auditor's report e...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Performance audits are independent assessments of performance

Q22: Generally accepted government auditing standards require the

Q33: In audits of state and local government

Q38: Generally accepted government auditing standards (GAGAS) apply

Q43: Which of the following statements regarding audit

Q44: The AICPA's Audit and Accounting Guide, State

Q44: Cognizant agencies:<br>A) Are responsible for conducting governmental

Q46: The U.S.Office of Management and Budget issues

Q48: Governments may engage one auditor to audit

Q52: A single audit conducted pursuant to the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines